say i go to target and i have $10 on my prepaid card and i chose credit instead of debt. could i spend more then that $10 on my debit card? its prepaid visa. tell me experiences. thanks.
2007-01-12 14:31:02 · 6 answers · asked by spontaneous_eyez 1 in Business & Finance ➔ Credit
absolutly nothing, you wouldn't have to put in your pin
2007-01-12 14:34:53 · answer #1 · answered by Meg 5 · 0⤊ 1⤋
With a prepaid card, you can't spend more than it is worth, regardless of how you send the authorization through. Typically, with debit's you have to enter a pin number. Either way, an authorization goes through where Target's computer will 'ask' the prepaid card's 'bank' if there is enough money to cover the amount of the charge. If there is, the charge goes through. If there isn't enough money, the charge won't go through.
2007-01-12 22:40:31 · answer #2 · answered by computers84 2 · 2⤊ 0⤋
No, you cant spend more. Credit means that you sign for the purchase and it is taken out of your account once the processing goes through (1-5 days usually) Debit is all electronic and immediately taken out, like an ATM.
2007-01-12 22:42:46 · answer #3 · answered by Anonymous · 2⤊ 0⤋
It doesn't matter whether you choose credit or debit in this case. The computer system will automatically recognize what it is. If you do not have enough money in your account, the computer system will display insufficent funds or a similar message regardless of whether you choose credit or debit.
2007-01-12 22:40:22 · answer #4 · answered by j 4 · 2⤊ 0⤋
Debit takes it right out of your account.
Credit doesn't take it out of your account until they batch out and the credit card company processes it.
2007-01-12 22:35:28 · answer #5 · answered by Smart1 3 · 0⤊ 1⤋
Debit comes out of your account immediately.
Credit, the money is "marked" in your account and comes out about 3 days later.
2007-01-12 23:19:39 · answer #6 · answered by Anonymous · 0⤊ 2⤋